Bola Tinubu has acknowledged that his reforms are bearing positive results on Nigerians.
He made this known on Wednesday night in Rio de Janeiro, Brazil, when the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, paid him a courtesy call on the side.
Tinubu stated that his reform programmes had weakened Nigerians’ purchasing power but expressed optimism that his government will continue providing social safety nets to cushion the unintended consequences.
He further noted that Nigeria is working on tax reforms to stimulate the economy further.
He said, “We have started seeing positive results from our reforms, and the Nigerian people now understand the need for them, but we have to reduce the hardship that has resulted from the implementation.”
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He emphasised the critical need for educational access, adding, “We have too many children out of school, and we know that education is a way out of hunger and poverty.
That is why we are designing ways and incentives to keep these children in school, and we need your support for these kids who want to stay in school.”
“We are engaging stakeholders and sensitising Nigerians to expand the economy’s tax base for inclusive developmental growth. We are doing this without necessarily increasing the taxes on our people, who have already given a lot. We will require your support on this,” he added.
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